https://www.taxtmi.com/caselaws?id=21614 The High Court of Madras ruled in a tax case reference that the subsidy received by the assessee should not be deducted in computing the actual cost of capital assets for depreciation and investment allowance. The court's decision aligned with a previous ruling and was in favor of the assessee, against the Revenue, with no order as to costs. en-us Fri, 25 Jan 1991 00:00:00 +0530 Wed, 25 Nov 2009 17:46:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=21614 The High Court of Madras ruled in a tax case reference that the subsidy received by the assessee should not be deducted in computing the actual cost of capital assets for depreciation and investment allowance. The court's decision aligned with a previous ruling and was in favor of the assessee, against the Revenue, with no order as to costs. Case-Laws Income Tax Fri, 25 Jan 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=21614